UK house price rise eased in April, RICS says

The Royal Institution of Chartered Surveyors' (RICS) seasonally adjusted house price balance retreated to a reading of 54 from the 57 seen in March.

Analysts had penciled in a print of 55.

That was, nevertheless, still quite close to last November's 11-year high of 58.

"House prices in general look set to remain firmly on the upward trend, although interestingly, there are some tentative signs that the price momentum in the London market may begin to slow in the second half of the year," said RICS Chief Economist Simon Rubinsohn.

On the other hand, this month´s data showed the recovery was spreading across regions.

Four-fifths of the survey´s respondents expected house prices to rise over the next 12 months.

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